Recent data from the XRP Ledger (XRPL) indicates a significant increase in network activity, with the number of active addresses reaching its highest level in nearly five weeks. Typically, a rise in active addresses signals an uptick in transaction volume and growing interest from traders and long-term holders.
Concurrently, the total number of XRP holders has also reached an all-time high. According to Santiment, the XRP Ledger now boasts over 7.7 million non-empty wallets, an unprecedented milestone in its 13-year history. This sustained growth trend suggests an increasing number of users are entering the XRP ecosystem and holding XRP, which is often viewed as a positive long-term signal.
Exchange Reserves Show Signs of Profit-Taking
On-chain data from CryptoQuant reveals a shift in exchange behavior, particularly on the Binance platform. Previously, XRP reserves on exchanges had fallen to approximately 2.75 billion XRP, as investors withdrew their holdings for long-term storage. During this period, XRP's price experienced a substantial surge, climbing from around $0.60 to over $3.00.
However, as of March 16th, XRP reserves on exchanges have rebounded to approximately 2.85 billion XRP. This indicates that more XRP has been transferred back to exchanges, which often implies investors are taking profits or there is selling pressure. The market's future direction will depend on whether exchange reserves continue to decrease or rise.
Increased Activity Supports XRP Price Growth
The growth in active addresses and total holders on the XRP Ledger reflects a concurrent rise in network usage alongside price appreciation. XRP is currently trading around $1.53, up 3.24% on the day and nearly 10% for the week. This robust growth solidifies the increasing interest from both retail and institutional investors.
With strong market momentum and improving technical indicators, XRP's price is poised for further upward movement. If the current trend holds, XRP could soon test the critical $2.00 level, a price point last seen in January 2026.
The surge in XRP Ledger activity, coupled with price appreciation, is attracting more traders and new users. A higher number of active wallets typically translates to increased transaction volume and heightened market attention. The spike in XRP's active wallet count is a strong indicator of increased network utilization and often reflects growing adoption, trading activity, and investor engagement. If XRP can maintain strong demand, sustained network activity, and positive market sentiment, its price may retest the key resistance level of $2.00, previously reached in early 2026.